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by draugadrotten 4798 days ago
Nothing prevents you from creating a "bitcoin-B", "bitcoin-C" and so on. There will be enough bitcoins for everybody.

Disclaimer: I believe bitcoins are tulip bulbs.

2 comments

More relevantly, nothing stops you from creating a tradeable note that says "redeemable for 1 bitcoin from <trusted authority>" and then using those as currency.

This happened with gold, and also would happen if we saw a true bitcoin bank rather than bitcoin wallet -- they'd pay a bit of interest, and in return would pool their deposits and use some fraction of them to generate revenue through other channels.

bitcoin-B would not be bitcoins, nobody would use them, and they would at best be tulip bulbs.

Unless you are using them to do something different then currency.